Cerberus Capital Management and Nikko Principal Investments have agreed to a deal to invest around ¥141bn into troubled Japanese conglomerate Seibu. The deal overcame a counterbid from the brothers of ousted Seibu head, Yoshiaki Tsutsumi.
The Blackstone Group has tracked down another hotel deal, this time acquiring the Dallas-based La Quinta chain in a $3.4bn transaction.
Nordic Capital has agreed to sell the Nordic distributor of installation-related products to Cinven and Goldman Sachs Capital Partners in a secondary buyout.
The New York-based private equity firm has led a syndicate of investors in funding a start-up UK oil exploration firm.
Nautic Partners, the former Fleet Bank private equity arm, has sold restaurant chain Skyline Chili to Prudential Capital Partners, in a deal that locked in an IRR of 25 percent for the investment.
Days following the announcement of its debut deal, private equity firm Elevation Partners has announced an agreement to buy $100m worth of convertible preferred stock in Homestore, an Internet real estate services company.
Apollo Management has agreed to acquire Linens ‘n Things for $1.3bn, but based on hurdles set up by the lenders, the company will need a strong performance in the fourth quarter before the deal can go through.
The auction for Refco’s assets is scheduled for tomorrow, and a winning bidder should be announced by the end of the week. The beauty contest is said to include a mix of strategic and financial bidders, who could push the bidding up to the $1bn range.
Menlo Park tech-buyout firm Garnett & Helfrich made its first move into the open-source space with the acquisition of Ingres Corp., the open-source unit of Computer Associates
Tech specialist Golden Gate Capital has agreed to take Geac Computer Corp. private in a $1 billion deal. The San Francisco-based firm intends to split the company up once the deal closes.